Texas Business Organizations Code - Section 10.107. Special Provisions Applying To Partnership Conversions
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§ 10.107. SPECIAL PROVISIONS APPLYING TO PARTNERSHIP
CONVERSIONS. (a) If a partnership is formed under a plan of
conversion under this code, the existence of the partnership as a
partnership begins when the conversion takes effect, and the owners
or members designated to become the partners under the plan of
conversion become the partners at that time.
(b) The partnership agreement of a domestic partnership
that is converting must contain provisions that authorize the
conversion provided for in the plan of conversion adopted by the
partnership.
(c) A domestic partnership that is converting must approve
the plan of conversion in the manner provided in its partnership
agreement.
Acts 2003, 78th Leg., ch. 182, § 1, eff. Jan. 1, 2006. Amended by
Acts 2005, 79th Leg., ch. 64, § 36, eff. Jan. 1, 2006.
Section: 10.056 10.101 10.102 10.103 10.104 10.105 10.106 10.107 10.108 10.151 10.152 10.153 10.154 10.155 10.156
Last modified: August 11, 2007
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